Dutch tech startup Wezoo announced that it has closed a pre-seed funding round led by Amsterdam-based Arches `Capital and supported by tech and hospitality industry angels. The investment amount has not been disclosed.
Frank Appeldoorn, Managing Partner at Arches Capital, says, “The Wezoo team has a unique mix of capabilities that allows it to reshape the office market – and with this investment round we bet on their success.”
“The ultimate flexible workspace solution”
Founded in 2022 by Frerik Bongers, Tjeerd Bongers and Jarno van der Linden, Wezoo focuses on creating a platform that emphasises employee well-being and flexibility.
The company’s goal is to provide on-demand access to numerous coworking spaces, freeing individuals from the dilemma of either working in isolation from home or enduring a daily commute to a fixed office.
Through their digital infrastructure, Wezoo enables hassle-free, on-demand access to flexible seats, meeting rooms, and private offices, allowing people to work wherever and whenever they prefer.
This solution helps employers reduce real estate costs, increase workforce flexibility, and promote collaboration, all within Wezoo’s “space-as-a-service” model.
Capital utilisation
This investment provides Wezoo with the financial resources to enhance its solutions for hybrid work environments. Initially launching in the Netherlands, the company plans to expand its services across Europe.
Tjeerd Bongers, CEO and co-founder at Wezoo, says, “We’re thrilled to have Arches Capital as our partner in this transformative journey. Their investment is a testament to our team’s dedication and hard work. This funding round empowers us to accelerate our mission.”
“The COVID pandemic has permanently changed the way we work. On this backdrop, the market for space-as-a-service is rapidly growing. To succeed in this tough market requires a great product, long-term partnerships with coworking spaces and a scalable growth model,” adds Bongers.
Brief about Arches Capital
Arches Capital is a group of over 100 business angels that invests in high-growth potential startups and scale-up companies.
The group claims to bridge the gap between formal investors and informal investors, offering professional investment strategies along with personalised support and mentorship.
Arches Capital consists of experienced entrepreneurs and angel investors, known as ‘Archangels’, who contribute valuable knowledge.
The group focuses on supporting entrepreneurs building B2B software companies, guiding them from initial investment to successful exits and accelerating their growth.
Arches Capital has a strong focus on B2B (or B2B2C) software companies located in the Benelux region. “However, we would never turn down an awesome team with a great product,” says the firm.
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